The process of developing the operating budget begins with which of the following?
A)income statement
B)sales budget
C)production schedule
D)capital budget

Question

Quizplus · Accepted Answer

The process of developing the operating budget typically begins with the sales budget, as this provides the foundation for the rest of the budget. The sales budget outlines the expected sales revenue for the upcoming period, which is then used to inform decisions about production levels, expenses, and more. While other factors like the production schedule and capital budget may be important considerations in the budgeting process, they typically come later in the process after the sales budget has been established.

The Process of Developing the Operating Budget Begins with Which